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Virgin Money Holdings (UK) Limited
Financial IntermediationUnited Kingdom
Last verified 4 days ago
Virgin Money Holdings (UK) Limited, headquartered in Great Britain, is a prominent player in the financial intermediation services sector, specifically excluding insurance and pension funding services. Founded in 1995, the company has evolved significantly, establishing itself as a trusted provider of banking and financial solutions across the UK.
Virgin Money offers a diverse range of core products, including personal and business banking services, savings accounts, and credit cards, distinguished by their customer-centric approach and innovative features. The company has achieved notable milestones, such as its successful IPO in 2014 and subsequent expansion into various financial markets.
With a strong market position, Virgin Money is recognised for its commitment to transparency and ethical banking practices, making it a preferred choice for consumers seeking reliable financial services.
61
DitchCarbon score
+24 vs industry average
Virgin Money Holdings (UK) Limited’s score of 61 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Low
Financial Intermediation has below-average carbon intensity
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Reported emissions
No reported emissions data is available for Virgin Money Holdings (UK) Limited yet.
Virgin Money Holdings (UK) Limited's reported carbon emissions
Virgin Money Holdings (UK) Limited, a GB-based financial intermediation services company, has not publicly disclosed its Scope 1, Scope 2, or Scope 3 carbon emissions for recent years.
However, the company has set a near-term net-zero target for all scopes by 2025, with a target year of 2023. This net-zero commitment is cascaded from its ultimate parent through the corporate family relationship.
Regarding historical emissions intensity, for 2017, the GHG emissions per average Full-Time Equivalent (FTE) were approximately 2,500 kg CO2e. In 2016, this figure was about 2,660 kg CO2e per average FTE.
It is important to note that Virgin Money Holdings (UK) Limited's SBTi targets and commitment to the RTZ initiative are cascaded from Clydesdale Bank PLC, which serves as the source organization at cascade level 1. Performance data for Virgin Money Holdings (UK) Limited is cascaded from Virgin Money UK PLC, which is at cascade level 2.
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Virgin Money Holdings (UK) Limited’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Inherited from Clydesdale Bank PLC2030 targetSee details
Active
Carbon Disclosure Project
See details
Not active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
Inherited from Clydesdale Bank PLCSee details
Not active
RE 100
See details
Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Virgin Money Holdings (UK) Limited
GBFinancial Intermediation4 days ago
61
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